Filed March 22, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $10,302 |
ADP BROKER-DEALER8+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES Service code 49 225 BROADHOLLOW ROAD · MELVILLE, NY 11747 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,603 | $46,292-72.8% | $143,757-91.2% | $64,808-80.6% |
| Participation rate | 25.6% | 64.2%-38.6pp | 80.3%-54.7pp | 71.5%-45.9pp |
| Annual return | -13.92% | -10.05%-3.9pp | -0.04%-13.9pp | 32.82%-46.7pp |
| Employer contribution / active EE | $105 | $1,910-94.5% | $4,951-97.9% | $2,506-95.8% |
| Participant deferral / active EE | $726 | $2,646-72.6% | $5,637-87.1% | $4,310-83.2% |
| Admin fee / account holder | $69 | $154-55.3% | $14,673-99.5% | $188-63.4% |